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China Medical Technologies Reports First Fiscal Quarter Financial Results

t could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

ContactsSam Tsang and Winnie YamTel: +852-2511-9808Email: IR@chinameditech.comChina Medical Technologies, Inc.Unaudited Condensed Consolidated Balance SheetsAs ofMarch 31, 2011June 30, 2011RMBRMBUS$(in thousands)AssetsCurrent assetsCash and cash equivalents

1,123,8181,239,458191,763Trade accounts receivable, net (1)481,096565,06187,422Inventories

19,27320,3153,143Prepayments and other receivables

18,95212,8331,986Due from a related party

98,225--Total current assets

1,741,3641,837,667284,314Property, plant and equipment, net

139,448134,56220,819Land use rights


8,6548,6541,339Intangible assets, net 

2,973,3582,891,353447,335Convertible notes issuance costs

55,81751,1487,913Share lending costs

22,56219,8043,064Total assets

4,948,0624,949,999765,838Liabilities Current liabilitiesTrade accounts payable

44,50251,5757,979Accrued liabilities and other payables 

191,120206,26031,912Convertible notes

146,081107,13616,576Income taxes payable

77,95491,93914,224Total current liabilities

459,657456,91070,691Convertible notes


SOURCE China Medical Technologies, Inc.
Copyright©2010 PR Newswire.
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